I just received an appraisal for $50K and I am in contract with the seller (Fannie Mae) at $71K. on a investment property (Duplex). Now I haven't talked to my lender yet but If the lender was still willing to give me ...
I just got a house under contract. The person selling (we'll call him T) obtained the house under a 3 year land contract with a balloon, he put 50k down on a 200k house. He told me he the land contract ends at the end...
Now that our banks have all but devolved into GSE conduits I was wondering what the consensus is for the fairness of selling homes with loans on them when interest rates drop.
It is just for the banks to deploy the...
In need of some guidance. I am currently under contract for obtaining my second rental property. I have my first rental property with roughly 50k of equity. I just found a second deal that I would like to get quick. S...
A professional gambler friend of mine wants to buy a house. Since he is self-employed, the only records of his income are his annual IRS forms.
He's planning to present forms with enlarged figures for his annual inco...
Hi BP community,
I just purchased a duplex in New Orleans and am considering short-term rentals for one of the units. I welcome any/all advice on this strategy.
Thank you -
Missy
We purchased a stacked townhouse and builder is asking to pay 679$ as taxes and below is the math they are giving us
The vendor takes the total sale price x mill rate/12 to obtain the estimated monthly taxes.
Usual...
I have a note that I bought from my SDIRA and now I am finding out that I have to obtain an EIN for my self directed IRA. Can anyone explain what this is? I did not know I had to file taxes on a SDIRA and apparently...
Hello everyone! I'm hoping to find someone with experience in purchasing property in different countries. I currently live in Japan and am interested in purchasing rental property here. I have looked at Proform...
I have an assignment Lease Option REI business and was wondering do other Lease Option assignment folks pre qualify their tenant buyers before you assign the lease option agreement and if so, exactly what process is u...